“Bangladesh is uniquely located to export its products to North East India, Bhutan and South East Asian countries and several initiatives have been taken to increase connectivity” : H E Sheikh Hasina, Hon’ble Prime Minister of Bangladesh at CII meeting
Speaking at the exclusive meeting of select CEOs organized by Confederation of Indian Industry (CII), on September 7, 2022, H E Sheikh Hasina, Hon’ble Prime Minister of Bangladesh, said, “I would urge Indian investors to consider possible investments in infrastructure projects, manufacturing, in energy and transport sectors. Indian investors and business houses can set up industries in Bangladesh through Buy-Back arrangements by reducing time, cost and resources.”
She further highlighted, “Bangladesh is uniquely located to enable Indian investors to export their products to not only the North Eastern States of India, but also to Nepal, Bhutan, and to South East Asian countries.”
H E Sheikh Hasina added that Bangladesh had the most liberal investment regime in the region with a wide array of facilities, attractive incentive policies, and consistent reforms. “Presently, 100 Special Economic Zones and 28 High-Tech Parks are being established for diversity of industry, employment, production and export,” she said. She noted that for the Indian investors, two dedicated Special Economic Zones at Mongla and Mirsarai were being developed. “I would urge the business houses present here today to invest there. It would further pave the way to harness the goodwill of the two friendly countries, and bring economic prosperity to the region,” she stressed.
Shri G. Kishan Reddy, Minister for Development of North Eastern Region, Tourism and Culture, Government of India, said, “Bilateral trade in the recent past has witnessed a quantum jump. Exports from Bangladesh, for the first time, have touched USD 2 billion this year. India is now the largest export destination for Bangladesh in Asia.”
The Minister pointed out several sectors of potential cooperation between India and Bangladesh which include fashion fiber and design, handicrafts and handloom, food processing, agro commodities, etc.
Mr Sanjiv Bajaj, President, Confederation of Indian Industry, mentioned energy and infrastructure and how connectivity can be used for shared prosperity. He further said that India’s experience with Digital India should be leveraged to sync it better with Digital Bangladesh to offer more digital and financial inclusion. Bangladesh is a rising power in the field of ICT and companies on both sides should establish partnerships in newer technologies like nanotechnology, robotics, Internet of Things, cyber security, and AI, among others, he stressed.
Mr Md. Jashim Uddin, President, Federation of Bangladesh Chambers of Commerce and Industry, said, “Bangladesh is modernizing the business environment through digitalization, quality infrastructural development, efficient logistic sector, diversification of energy and power sector etc., to facilitate business and has become a role model for inclusive development and climate change”.
Mr. Chandrajit Banerjee, Director General, CII, said that CII could take up setting up an industrial training institute in Bangladesh, establishing a training institute for quality management with assistance from both sides, working on green building ratings and sustainable development and helping to develop capacity building programs for Bangladeshi SMEs.
CII and Federation of Bangladesh Chamber of Commerce and Industry (FBCCI) signed an MoU in the presence of the Hon’ble Prime Minister of Bangladesh.
7 September 2022